# Relative Value Partners Group, LLC

> Institutional holdings reported to the SEC as of Q2 2024 on Form 13F. CIK 1649910. Source: https://holderbook.com/funds/1649910-relative-value-partners-group-llc/

- Reported value: $772.4M
- Positions: 321
- Weight of the ten largest: 32.4%
- Filed: 2024-07-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $45.9M | 217,793 | 5.9% | 17 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $45.0M | 364,293 | 5.8% | 5 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $30.6M | 190,833 | 4.0% | 23 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $26.4M | 59,032 | 3.4% | 23 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $24.3M | 64,958 | 3.1% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $20.0M | 41,746 | 2.6% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $17.1M | 88,623 | 2.2% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $16.0M | 87,086 | 2.1% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $13.2M | 26,244 | 1.7% | 8 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $12.1M | 22,147 | 1.6% | 23 |
| FIRST TR EXCHANGE-TRADED FD | [FTSM](https://holderbook.com/stocks/FTSM/) | $11.0M | 184,534 | 1.4% | 1 |
| WISDOMTREE TR | [DLN](https://holderbook.com/stocks/DLN/) | $10.3M | 141,082 | 1.3% | 1 |
| WISDOMTREE TR | [DXJ](https://holderbook.com/stocks/DXJ/) | $9.4M | 83,697 | 1.2% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $9.3M | 45,966 | 1.2% | 8 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $8.6M | 118,513 | 1.1% | 4 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $8.5M | 9,986 | 1.1% | 4 |
| GRANITESHARES GOLD TR | [BAR](https://holderbook.com/stocks/BAR/) | $8.4M | 365,555 | 1.1% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.8M | 42,968 | 1.0% | 6 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $7.7M | 129,546 | 1.0% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $7.5M | 8,287 | 1.0% | 8 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $7.5M | 132,292 | 1.0% | 1 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $7.2M | 122,197 | 0.9% | 5 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $6.9M | 12,602 | 0.9% | 23 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $6.8M | 58,919 | 0.9% | 8 |
| PIONEER FLOATING RATE FUND I | [PHD](https://holderbook.com/stocks/PHD/) | $6.4M | 665,600 | 0.8% | 1 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $6.4M | 16,677 | 0.8% | 1 |
| FIRST TR EXCHANGE-TRADED FD | [FTSL](https://holderbook.com/stocks/FTSL/) | $6.2M | 135,934 | 0.8% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $6.0M | 14,728 | 0.8% | 8 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $5.5M | 12,360 | 0.7% | 4 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $5.3M | 54,892 | 0.7% | 18 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $5.2M | 77,457 | 0.7% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $5.1M | 29,525 | 0.7% | 8 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $5.0M | 14,836 | 0.7% | 1 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $5.0M | 305,942 | 0.6% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $5.0M | 120,289 | 0.6% | 6 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $4.9M | 9,763 | 0.6% | 5 |
| COHEN & STEERS QUALITY INCOM | [RQI](https://holderbook.com/stocks/RQI/) | $4.8M | 412,875 | 0.6% | 1 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $4.8M | 38,584 | 0.6% | 1 |
| J P MORGAN EXCHANGE TRADED F | [JEPQ](https://holderbook.com/stocks/JEPQ/) | $4.8M | 85,981 | 0.6% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.7M | 18,005 | 0.6% | 4 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $4.7M | 28,596 | 0.6% | 1 |
| FIRST TR EXCH TRADED FD III | [FMB](https://holderbook.com/stocks/FMB/) | $4.7M | 91,700 | 0.6% | 1 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $4.6M | 10,251 | 0.6% | 4 |
| DBX ETF TR | [HYLB](https://holderbook.com/stocks/HYLB/) | $4.5M | 127,367 | 0.6% | 1 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $4.5M | 46,327 | 0.6% | 1 |
| BLACKROCK CORPOR HI YLD FD I | [HYT](https://holderbook.com/stocks/HYT/) | $4.2M | 434,500 | 0.5% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $4.1M | 28,100 | 0.5% | 8 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $4.1M | 7,384 | 0.5% | 4 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $4.0M | 13,480 | 0.5% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $4.0M | 2,501 | 0.5% | 4 |
| BANK OF AMER CORP | [BACPRL](https://holderbook.com/stocks/BACPRL/) | $3.8M | 3,180 | 0.5% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $3.7M | 11,077 | 0.5% | 4 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $3.7M | 22,984 | 0.5% | 1 |
| GRANITESHARES ETF TR | [COMB](https://holderbook.com/stocks/COMB/) | $3.6M | 176,261 | 0.5% | 1 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $3.5M | 20,156 | 0.5% | 1 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $3.5M | 27,284 | 0.5% | 1 |
| J P MORGAN EXCHANGE TRADED F | [BBUS](https://holderbook.com/stocks/BBUS/) | $3.5M | 35,501 | 0.5% | 1 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $3.5M | 27,966 | 0.4% | 8 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $3.3M | 26,136 | 0.4% | 1 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $3.2M | 7,451 | 0.4% | 1 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $3.2M | 8,377 | 0.4% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $3.2M | 19,427 | 0.4% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.1M | 9,137 | 0.4% | 8 |
| JPMORGAN CHASE FINL CO LLC | [AMJB](https://holderbook.com/stocks/AMJB/) | $3.1M | 107,110 | 0.4% | 1 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $3.1M | 10,469 | 0.4% | 1 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $3.0M | 14,121 | 0.4% | 8 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $3.0M | 77,463 | 0.4% | 4 |
| ARISTA NETWORKS INC | [ANETXXXX](https://holderbook.com/stocks/ANETXXXX/) | $3.0M | 8,557 | 0.4% | 1 |
| FLEXSHARES TR | [TDTT](https://holderbook.com/stocks/TDTT/) | $3.0M | 126,632 | 0.4% | 1 |
| THE TRADE DESK INC | [TTD](https://holderbook.com/stocks/TTD/) | $3.0M | 30,360 | 0.4% | 1 |
| ISHARES TR | [MCHI](https://holderbook.com/stocks/MCHI/) | $2.9M | 67,975 | 0.4% | 1 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $2.9M | 58,902 | 0.4% | 1 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $2.8M | 11,022 | 0.4% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.8M | 17,982 | 0.4% | 8 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.8M | 10,974 | 0.4% | 10 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $2.8M | 15,120 | 0.4% | 3 |
| FIRST TR EXCH TRADED FD III | [FPE](https://holderbook.com/stocks/FPE/) | $2.6M | 151,124 | 0.3% | 1 |
| STARWOOD PPTY TR INC | [STWD](https://holderbook.com/stocks/STWD/) | $2.5M | 132,950 | 0.3% | 1 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $2.5M | 52,397 | 0.3% | 1 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $2.3M | 16,151 | 0.3% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.3M | 4,113 | 0.3% | 1 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.2M | 8,076 | 0.3% | 23 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $2.1M | 10,739 | 0.3% | 3 |
| INNOVATOR ETFS TRUST | [PAPR](https://holderbook.com/stocks/PAPR/) | $2.1M | 60,624 | 0.3% | 1 |
| PIMCO ETF TR | [CMDT](https://holderbook.com/stocks/CMDT/) | $2.1M | 76,565 | 0.3% | 1 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $2.1M | 1,631 | 0.3% | 1 |
| INNOVATOR ETFS TRUST | [AJAN](https://holderbook.com/stocks/AJAN/) | $2.1M | 81,750 | 0.3% | 1 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $2.1M | 4,609 | 0.3% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $2.0M | 3,037 | 0.3% | 1 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $2.0M | 9,572 | 0.3% | 1 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $2.0M | 2,595 | 0.3% | 1 |
| CUBESMART | [CUBE](https://holderbook.com/stocks/CUBE/) | $2.0M | 44,409 | 0.3% | 1 |
| MEDICAL PROPERTIES TRUST INC | [MPT](https://holderbook.com/stocks/MPT/) | $2.0M | 452,700 | 0.3% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.0M | 49,047 | 0.3% | 23 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.9M | 38,276 | 0.2% | 19 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.8M | 3,623 | 0.2% | 4 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $1.8M | 2,007 | 0.2% | 1 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $1.8M | 31,087 | 0.2% | 1 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $1.8M | 16,639 | 0.2% | 1 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.8M | 21,979 | 0.2% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2024 | +0.5% | +4.0% | -3.5% | 104% |
| Q1 2024 | +4.7% | +10.0% | -5.3% | 100% |
| Q4 2023 | +7.6% | +11.2% | -3.6% | 99% |
| Q3 2023 | -3.1% | -3.6% | +0.4% | 99% |
| Q2 2023 | +3.0% | +8.3% | -5.2% | 99% |
| Q1 2023 | +3.3% | +7.0% | -3.7% | 99% |
| Q4 2022 | +5.9% | +7.1% | -1.2% | 100% |
| Q3 2022 | -5.9% | -5.3% | -0.6% | 95% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2024 | $772.4M | 321 |
| Q1 2024 | $1.6B | 283 |
| Q4 2023 | $1.6B | 281 |
| Q3 2023 | $1.5B | 262 |
| Q2 2023 | $1.5B | 241 |
| Q1 2023 | $2.9B | 245 |
| Q4 2022 | $1.4B | 258 |
| Q3 2022 | $1.2B | 236 |
| Q2 2022 | $1.3B | 173 |
| Q1 2022 | $1.4B | 251 |
| Q4 2021 | $1.4B | 188 |
| Q3 2021 | $1.3B | 191 |